LONDON, 1 April 2016 – A giant gold coin priced at £3.8 million shows the costs and risks of holding bullion in your possession, notes top-selling UK broadsheet The Telegraph online today, quoting comment from BullionVault.
The 100 kilogram coin, made by the Royal Canadian Mint, comes at a "hefty premium" says the newspaper, as its bullion content could be bought in bar-form for nearer £2.7m.
Moreover, "To ship this whopper from its vault in Ottawa, Ontario, to the equivalent secure storage in London, the owner would pay a staggering US$25,000 (£17,400). That price would include insurance."
But storing gold in a safe, stable country abroad would be wise, because "in the final scenarios of war, natural disaster or social breakdown, physical gold is often useless if you have it on your person," says Adrian Ash, head of research at BullionVault.
"In a real crisis it will be easier to get yourselves and your family to safety, where your assets await you, then to carry physical gold on your person."
Seventy-five per cent of BullionVault clients' gold is vaulted in Switzerland, says The Telegraph.
Read the full story at Telegraph.co.uk here:
This 100kg gold coin goes on sale for £3.8m (but shipping will cost you £17,400)
